First Solar, Inc. (NASDAQ:FSLR) is Bull Oak Capital LLC's 3rd Largest Position

Bull Oak Capital LLC lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 304,592.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,393 shares of the solar cell manufacturer's stock after purchasing an additional 155,342 shares during the quarter. First Solar comprises approximately 6.9% of Bull Oak Capital LLC's investment portfolio, making the stock its 3rd biggest position. Bull Oak Capital LLC owned 0.15% of First Solar worth $26,771,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FSLR. Vanguard Group Inc. boosted its holdings in First Solar by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,040,031 shares of the solar cell manufacturer's stock valued at $1,945,549,000 after acquiring an additional 279,424 shares during the period. State Street Corp boosted its holdings in First Solar by 4.4% during the 1st quarter. State Street Corp now owns 4,266,552 shares of the solar cell manufacturer's stock valued at $927,972,000 after acquiring an additional 179,035 shares during the period. Wellington Management Group LLP boosted its holdings in First Solar by 10.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,283,705 shares of the solar cell manufacturer's stock valued at $369,024,000 after acquiring an additional 211,755 shares during the period. Geode Capital Management LLC raised its position in First Solar by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 2,236,723 shares of the solar cell manufacturer's stock valued at $485,528,000 after purchasing an additional 56,383 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in First Solar by 9.4% in the 3rd quarter. Schroder Investment Management Group now owns 2,102,959 shares of the solar cell manufacturer's stock valued at $339,817,000 after purchasing an additional 181,034 shares in the last quarter. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on FSLR. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $195.00 price target on shares of First Solar in a research report on Wednesday, February 28th. Janney Montgomery Scott started coverage on First Solar in a research report on Friday. They issued a "buy" rating and a $236.00 price target on the stock. Jefferies Financial Group started coverage on First Solar in a research report on Friday, December 15th. They set a "buy" rating and a $211.00 target price on the stock. Oppenheimer raised their target price on First Solar from $268.00 to $269.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company lowered First Solar from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $215.00 to $187.00 in a research report on Monday, January 8th. Four research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $227.96.

First Solar Price Performance

First Solar stock traded down $1.96 during trading hours on Friday, hitting $182.48. The stock had a trading volume of 1,912,487 shares, compared to its average volume of 2,076,032. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.55 and a quick ratio of 2.92. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 0.32 and a beta of 1.41. First Solar, Inc. has a 1-year low of $129.21 and a 1-year high of $232.00. The stock's fifty day moving average is $158.23 and its two-hundred day moving average is $155.64.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.31 billion. First Solar had a return on equity of 13.80% and a net margin of 25.03%. First Solar's revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. As a group, analysts predict that First Solar, Inc. will post 13.53 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kuntal Kumar Verma sold 250 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $148.34, for a total value of $37,085.00. Following the sale, the insider now directly owns 5,170 shares in the company, valued at $766,917.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Kuntal Kumar Verma sold 250 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $148.34, for a total transaction of $37,085.00. Following the transaction, the insider now directly owns 5,170 shares in the company, valued at $766,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Georges Antoun sold 16,667 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $155.55, for a total value of $2,592,551.85. Following the transaction, the insider now owns 42,041 shares in the company, valued at $6,539,477.55. The disclosure for this sale can be found here. Insiders have sold 26,620 shares of company stock worth $4,269,540 over the last three months. 0.58% of the stock is currently owned by corporate insiders.

First Solar Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.

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